http://mises.org/community/blogs/fdominicus/archive/tags/debt/EU/default.aspxTags: debt, EUenCommunityServer 2008.5 SP2 (Build: 40407.4157)http://mises.org/community/blogs/fdominicus/archive/2010/03/25/moral-hazarad-178-or-not.aspxThu, 25 Mar 2010 05:42:00 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:317561Friedrich Dominicus0http://mises.org/community/blogs/fdominicus/rsscomments.aspx?PostID=317561http://mises.org/community/blogs/fdominicus/commentapi.aspx?PostID=317561http://mises.org/community/blogs/fdominicus/archive/2010/03/25/moral-hazarad-178-or-not.aspx#comments<p>Just a reminder the EU president Baroso, wants an action to help out Greece. </p> <p>The Maastricht Vertrag is very clear about this:</p> <p>Die Union haftet nicht f&uuml;r die Verbindlichkeiten der Zentralregierungen, der regionalen oder lokalen Gebietsk&ouml;rperschaften oder anderen &ouml;ffentlich-rechtlichen K&ouml;rperschaften, sonstiger Einrichtungen des &ouml;ffentlichen Rechts oder &ouml;ffentlicher Unternehmen von Mitgliedstaaten und tritt nicht f&uuml;r derartige Verbindlichkeiten ein;</p> <p>&nbsp;</p> <p>Read the union if not liable for the debts of any other country.</p> <p>So the presidents asks for exactly the opposite. And he&#39;s still in charge.... </p> <p>Another &quot;paper tiger&quot;. the EU countries are not permitted to have more than 3% new depbs of the GDP. Well there&#39;s probably just one or two countries around adhereing to this. </p> <p>And again it shows, Fiat-money always falls back to it&#39;s intrinsic value -&gt; nothing.</p> <p>&nbsp;</p> <p>&nbsp;</p><div style="clear:both;"></div><img src="http://mises.org/community/aggbug.aspx?PostID=317561" width="1" height="1">debtgreeceEUREUFirat-moneylaws?